Major stock markets on Wall Street ended Wednesday's trading session with sharp losses after the United States 30-year Treasury yield surged 11.1 basis points, reaching the highest level since 2023.
Meanwhile, Congress prepared to vote on the tax bill tonight, with investors concerned about spending hikes and potential increases in the budget deficit.
The Dow Jones plunged 1.91% or 817 points after United Health decreased 5.78%. The Nasdaq 100 dropped 1.34% with Palo Alto Networks nosediving 6.8%. The S&P 500 fell 1.62% as Fair Isaac led the losses, crashing 15.74%.
On the currency front, the euro was 0.31% stronger against the dollar at 3:59 pm ET and changed hands at $1.13196.
